Answer / bhargav

CST is applicable where the two states deals.

VAT is applicable within the state.

Excise duty is applicable for inland transactions from
manufacturing to finished goods.

custom duty is applicable to relieve the goods from border.

Answer / vijay kumar

Understanding Excise Duty, Sales Tax, VAT, and Customs Duty StructureIndia's excise duties, sales taxes, VAT, and customs duties are all similar in the way that they are set up and calculated. All are tied closely to the location where business is conducted and have a tax determination structure that is influenced by common factors.

Excise duty, sales tax, VAT, and customs duty calculation methods are similar in that they can be calculated based on percentage, quantity, or ad hoc amount, and they require the calculation of multiple taxes and tax lines for each tax type. The excise duty, sales tax, VAT, and customs duty structure is designed to be flexible enough to accommodate changes that may impact rate determination resulting from changes to excise, sales, customs, and VAT statutes and legislation.

Various business rules exist for determining the basis on which taxes are calculated. Accordingly, you can define the elements that form the basis on which tax is calculated, and define the tax calculation scheme. You define how accounting entries are created for excise duties, sales taxes, VAT, and customs duty, as well as how inventory values are updated with nonrecoverable taxes.

Answer / sunena

Cst Is helpful in C form

but Vat is not

Answer / dhiraj singh

CST or Central Sales Tax is charged when there is Sale or
Purchase transaction between two or more states. Its also
known Inter State Sales.
VAT or Value Added Tax is charged when there is Sale or
Purchased transaction held with in a state. Its also known
Intra State Sales.
Excise Duty is charged in Import and Export.

What is TDS?

2 Answers  

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what is cash credit limit please give me answer in detail

1 Answers  

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What is the procedure for Sales Tax Filing? which can come under this head. whn we file it? wat r all the materials to be submitted? For eg: i hav a company named 'A'in chennai. my branch 'b' is in Bangalore. the sales made in bangalore can be (come for sales Tax Filing)filed in chennai? and also the purchase from bangalore can be(Sales tax filing) filied in chennai?

4 Answers   ABC, Agon, Marketing Sales, Mindlogicx,

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when an endorsed bill dishonored, for the endorsee, it become the laibility? 1)of the drawee 2)of the drawer 3)of the payee 4)of the indorser

1 Answers  

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What do u mean by sales tax and who are sales tax practitioner ?

0 Answers  

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Entry Tax paid for Car purchased Rs.800000 and this amount may adjust to VAt payable. Noted that we are filing vat return on the compound basis.

1 Answers  

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What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???

0 Answers   Capital IQ,

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if firm sales tax paid , under which ledger and subledger it would be posted? give brief information

4 Answers  

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for the deduct of tds on rent including service tax or not

2 Answers   Ernst Young,

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what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?

0 Answers  

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DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes)

3 Answers   Deloitte,

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how to filing rt-1

0 Answers  

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